Lansbury Inc. had the following balance sheet at December 31, 2016.
			Landsbury Inc.
			Balance Sheet
				31-Dec-17				31-Dec-16
			Assets
			Cash	$48,800				$20,000
			Accounts receivable	35,600				21,200
			Investments	23,000				32,000
			Plant assets (net)	85,000				81,000
			Land	55,000				40,000
				$247,400				$194,200
		Liabilities and Stockholders Equity
		Accounts payable		$42,000				$30,000
		Notes payable (long-term)		24,000				41,000
		Common stock		118,000				100,000
		Bonds payable		13,000				-
		Retained earnings		50,400				23,200
				$247,400				$194,200
During 2017, the following occurred.
	1.	Lansbury Inc. sold part of its debt investment portfolio for cash. This transaction resulted in a gain of $3,000 for the firm. The company classifies its investments as available-for-sale.
	2.	A tract of land was purchased for cash.
	3.	Part of long-term notes payable iwere retired before maturity by paying cash.
	4.	An additional $18,000 in common stock was issued at par.
	5.	Dividends of $7,800 were declared and paid to stockholders.
	6.	Net income for 2017 was $35,000 after allowing for depreciation of $9,000.
	7.	Plant assets werer purchased through the issuance of bonds.
Instructions
(a)	Prepare a statement of cash flows for 2017.
	LANSBURY INC.
	Statement of Cash Flows
	For the Year Ended December 31, 2017
	Cash flows from operating activities
	Cash flows from investing activities
	Cash flows from financing activities
	Noncash investing and financing activities